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JM talks a big game. Perfect for this one. Once the numbers come, we will see the truth. Good luck! Not saying it won't go higher, but be careful.
Congrats. Smart decision. We saw how quickly it can break support yesterday. Investors are going to be stuck with big losses once the hype is over IMO.
What's bad about the PR? Merger/acquisition coming up next IMO.
Merger/acquisition candidate.
They hired a firm to explore sale in February. No solid rumor, but speculation that company is a good
You were right about the drop. The shares issued surely didn't help. Are you going long here? I think this was undervalued at $1.00, so at $.50-$.60, I averaged down. What are your thoughts now that you covered?
I never play stocks on buyout rumors, but I would certainly not be surprised if someone bought PTX soon.
Lol. That chart really came in handy today with the ER.
I hope you hold through earnings and are ready if a buyout occurs. Shorts are going to get burned here eventually.
Steve Cohen disagrees. Check out the AH yesterday.
Welcome to 2016. Still a demand for pilots. Some companies realize after BK that's the case.
Boom!
I'm ready for the breakout! Not much resistance with such a small float. Do you think we might get news? All of this buying out of nowhere.
Took a position here. Undervalued IMO.
Nice day here! Moving up fast!
7s almost gone. Only 10k showing!
54k broke through the 6s!
Are their approvals going to make them profitable this year or ever? That's the real question.
Nice day. Slow and steady.
This stock is a disaster. How many RS are they going to allow? I didn't know exchange traded stocks allowed so many.
This chart is not looking good at the moment IMO. I thought it was going to take off from these levels. Too much resistance.
Hopefully the shell gets sold. Jason hasn't done anything here except throw up old news. He brought 0 value to the company.
Wow this is so thin! Only 10k showing on the ask currently! Hopefully the float is locked with news coming. This could really take off.
Awesome! This should run hard with some action or updates.
Didn't quiksilver just fall off and never recover at lower prices than this?
What do you see in the financials or anything that makes you think it will be rejected?
Oh ok. So just ignore the part that says chapter 11?
I heard it was scheduled to start next week but have not confirmed because I haven't been digging.
Lol. You keep saying that yet it has bottomed. There will be a market for shares until the deal is finalized. There's always a chance shareholders could end up with a piece of the company.
Again, they have stated PSUN is preparing for BK and the deal will be debt for equity. Do you know what typically happens to common shares? Maybe Golden Gate is feeling generous and will gift new stock in the deal?
Do you know how swapping debt for equity works? Typically they go through BK, then the new holders of the company take private.
How would they take it private before they own it? What would the advantage be of buying out vs BK?
Jason hasn't done s*** here. No news in months. Stop sign up. Only a few articles on their athletes with Tyme's name on it. Hopefully the shell will be sold so we can at least have a chance.
I'm not confident this will end well, but I think there's time for a run on a locked float.
American Airlines was a special situation BK where shareholders that traded anywhere near the bottom made huge returns. Unfortunately, I don't see a reason for PSUN to leave commons with anything.
Didn't Kodak run because of the value of patents they held? I'm not sure PSUN has much to go on.
You will probably be able to buy PSUN back at a large premium in a few years when they go public.
I showed some EOD buys and trading at 6 cents currently. Maybe eventually but I think this will run tomorrow.
True. I'm holding. Lots of buys today. Ready for bounce tomorrow.
What? It has not been announced, but typically shareholders get nothing in Ch 11. The shares never get cancelled immediately.
From the PR today:
In conjunction with the RSA, a Plan of Reorganization (the "Plan") was approved by the Company's Board of Directors, which provides a comprehensive roadmap for the Company to continue to execute its strategy and position the Company for long-term success as a privately owned entity by Golden Gate Capital.
I take that to mean GGC will take it private.
Why? What makes this different from your typical debt for equity swap where commons are eliminated?
The bank foreclosed and they lost the house. No fire.
It's about a 3/2 ration of buys to sells. Lower prices but more buys.
Much more buying today...